today, the spanish government presented its new budget, which includes $51 billion in spending cuts. the government also plans to borrow nearly $4 billion from the country's pension reserves to cover liabilities. what's clear is the euro-zone's crisis isn't going away soon. >> it's probably going to be another six, 12, 18 months before its finally resolved. and by "resolved," i mean they consolidate into some kind of fiscal coalition, and maybe there's some kind of debt mutualization and what have you. so, we are still quite a ways away from that. >> reporter: at today's event, monti was asked whether he thinks greece will eventually leave the e.u. he said no, but didn't discount the possibility entirely. >> i believe that were it to happen, it would be damage to the whole system. >> reporter: monti said he won't run for re-election, but he didn't completely close the door on another term. he was appointed prime minister by the italian president, and says if the president wants to reappoint him, he would consider serving another term. erika miller, nbr, new york. >> tom: this week, w